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Nov 27, 2012
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companies trying to get a jump on the fiscal cliff. details and the oracle of all my speaking out on tax policy. next, i'll break down why warren buffett is just plain wrong. ♪ gerri: warren buffett is getting a lot of attention this week for his comments on the fiscal cliff . basically, the investing mobil says it rich people, that is people like him, should pay more in taxes. it sounds magnanimous. i believe the case he builds for higher taxes, well, the reasoning as a big hole in it. here is why. the contention that rich people will stop hiring is nonsense. we already know that more than a million americans to employ people and paying there taxes through there individual income-tax. according to the heritage foundation, the amount their taxes would rise would be equivalent to one employee salary. one person there would not hire. we will what is more, rinsed and young says these tax hikes would kill 710,000 jobs. buffett also says that rich people will stop investing. again, nonsense. when you tax something usually get less of it,
companies trying to get a jump on the fiscal cliff. details and the oracle of all my speaking out on tax policy. next, i'll break down why warren buffett is just plain wrong. ♪ gerri: warren buffett is getting a lot of attention this week for his comments on the fiscal cliff . basically, the investing mobil says it rich people, that is people like him, should pay more in taxes. it sounds magnanimous. i believe the case he builds for higher taxes, well, the reasoning as a big hole in it. here...
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Nov 27, 2012
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but no deal in washington on this fiscal cliff. if you were there, how would you get a deal done, you can tweet us, we'll read the best answers at the end. but a lot of have you been getting mean with me, and personal insults, we will not tolerate it. -- but we will, because we don't get a lot, if we did we would show discretion. anything bad you have to say, send it to lou dobbs, -- kidding. >> meanwhile, white house morning that uncertainty over fiscal cliff tax hikes could keep holiday shoppers from spending. and katie said, mr. president look in the mirror, do something about it. right now know onus on republico make concessions on revenues. part of those consequences from elections were boein both sidesg a little, i see it just one way thus far. >> we have white house coming out with the economic numbers warning that middle class might not go out and spend on holiday gifts. neil: do you believe it? >> i don't. neil: all right, it would take a ama c truck and a thum thermonur reactioning to stop my wife. >> they are trying to u
but no deal in washington on this fiscal cliff. if you were there, how would you get a deal done, you can tweet us, we'll read the best answers at the end. but a lot of have you been getting mean with me, and personal insults, we will not tolerate it. -- but we will, because we don't get a lot, if we did we would show discretion. anything bad you have to say, send it to lou dobbs, -- kidding. >> meanwhile, white house morning that uncertainty over fiscal cliff tax hikes could keep holiday...
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Nov 26, 2012
11/12
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in the short term, the very short term, i think actually some of the hype around the fiscal cliff is a little overblown, particularly because the first couple of days or week or so after we go over the fiscal cliff we won't see all that many impacts. all these tax and spending impacts take months to go into effect. it doesn't impact the economy until people start paying taxes, which could be several months down the line for most americans. on the spending side as well, spending is built into the cake so again you'd be looking at stuff that would be impacting the out months. for the first couple of months, no real specific impact. the big thing to worry about is whether wall street freaks out or not about the fact that we've gone over the fiscal cliff. if they do freak out, that could have an impact and cause a recession because of the wall street impact. >> and the premise of your analysis there is that we're looking at late deal or early deal. nobody really thinks that there will never be a deal. and so what you're saying, what, if it was three weeks out or late january or after the
in the short term, the very short term, i think actually some of the hype around the fiscal cliff is a little overblown, particularly because the first couple of days or week or so after we go over the fiscal cliff we won't see all that many impacts. all these tax and spending impacts take months to go into effect. it doesn't impact the economy until people start paying taxes, which could be several months down the line for most americans. on the spending side as well, spending is built into...
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Nov 28, 2012
11/12
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so it was a lack of progress on fiscal cliff talks that stalled stocks tuesday. so today we'll have to see what happens when goldman sachs ceo lloyd blankfein, brian roberts, and marissa mayer jin other corporajoin other corporate execs at a meeting with the president. >>> the beige book survey will be released. the best consumer confidence reading in nearly five years took investors by surprise yesterday. green mountain coffee perked up more than 20%. elsewhere, monster beverage got a boost from news that the fda is taking a closer look at the health effects of energy drinks. investors are betting a looming crack down on the industry may be overblown. >>> in the wake of apple's recent apology for the failings of its mapping app, a second employee has reportedly been fired. >>> more than 15,000 of these step 2 children's riding toys are being recalled because kids who lean too far forward on the seat can go over the handle bar. >>> consumer reports is out with its third annual naughty and nice list and it was nordstrom and kohl's that got thumbs up thanks to thei
so it was a lack of progress on fiscal cliff talks that stalled stocks tuesday. so today we'll have to see what happens when goldman sachs ceo lloyd blankfein, brian roberts, and marissa mayer jin other corporajoin other corporate execs at a meeting with the president. >>> the beige book survey will be released. the best consumer confidence reading in nearly five years took investors by surprise yesterday. green mountain coffee perked up more than 20%. elsewhere, monster beverage got a...
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Nov 27, 2012
11/12
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cliff, grow an and this fiscal cliff, have a f twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and conder it carefully before investing. risk includes possible loss of principal. ♪ [ male announce] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. neil: all right, tell the truth, a lot of you were shopping at work today, cyber monday. but no deal in w
cliff, grow an and this fiscal cliff, have a f twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read...
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Nov 29, 2012
11/12
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let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's most honored president. last year during the debt ceiling debate on capitol hill, mccarthy tried to rally republicans behind john boehner's plan with this clip from the town. >> i need your help. i can't tell you what it is. you can never ask me about it later. we are going to hurt some people. >> whose car are we going to take? >> if you haven't seen the movie, two characters go to beat up a guy. mccarthy showed a clip where a thief emphasized not asking questions in a situation where people were going to get hurt. mccarthy also organized the republican screening of mo
let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's...
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Nov 29, 2012
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let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's most honored president. last year during the debt ceiling debate on capitol hill, mccarthy tried to rally republicans behind
let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even...
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Nov 28, 2012
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has been a lot of work on the fiscal cliff. we have talked about medicare savings that can improve and strengthen the program and address rising national health expenditures. we will have more to say on the issue of taxes. we are ecstatic to have senator durbin here today, who has played a fundamental role over the last several years. he has been part of every negotiation that has taken place. he is still an optimist. that is a sign of progress. he has had a long history of being a champion and advocate for the middle class. he has carried that advocacy in the budget negotiations. he was part of the supercommittee, this fiscal, the gang of eight, the gang of six -- almost every gang that has been involved in these issues. he has been a fighter for what is right and for having a plan that stands true to the values of the american people and the people who voted and waited in line for hours on end to vote -- people who want a fair shake out of washington. as a champion of that fair shake, i am excited to have senator durbin. >> n
has been a lot of work on the fiscal cliff. we have talked about medicare savings that can improve and strengthen the program and address rising national health expenditures. we will have more to say on the issue of taxes. we are ecstatic to have senator durbin here today, who has played a fundamental role over the last several years. he has been part of every negotiation that has taken place. he is still an optimist. that is a sign of progress. he has had a long history of being a champion and...
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Nov 26, 2012
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who's afraid of going off the fiscal cliff? well, not anti-tax crusader grover norquist who tells "the wall street journal" he thinks republicans will hold the line on taxes. and if there's no deal, norquist isn't worried, telling "the journal," the woerld won't come to an end if this isn't resolved before january. meanwhile, in "the new york times," warren buffett takes a dig at norquist and others while making his case for a minimum tax on the wealthy. the oracle of omaha writes, "let's forget about the rich and the ultrarich going on strike and stuffing their ample funds under their mattresses if -- gasp -- capital gains rates and ordinary income rates are increased." >>> after weeks of criticism over u.n. ambassador susan rice, senator john mccain who vowed to block her potential nomination as secretary of state appears to be backing off that threat. >> she could conceivably get your vote for secretary of state? >> i think she deserves the ability and the opportunity to explain herself and her position, just as she said. >>
who's afraid of going off the fiscal cliff? well, not anti-tax crusader grover norquist who tells "the wall street journal" he thinks republicans will hold the line on taxes. and if there's no deal, norquist isn't worried, telling "the journal," the woerld won't come to an end if this isn't resolved before january. meanwhile, in "the new york times," warren buffett takes a dig at norquist and others while making his case for a minimum tax on the wealthy. the oracle...
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Nov 27, 2012
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cliff or the fiscal slope. and this is a really interesting thing though, martin, and i think progressives have it right here, which is when we're talking about this grand bargain or we're talking about cuts in tax cuts and revenue, we need to talk about what these things mean. when we're talking about getting more revenue through tax cuts, we're asking the top 2% of people in america who can afford to do so to pay a little more in taxes. but when you start talking about some kind of grand bargain where you're cutting medicare and medicaid, we're talking about people's lives and health care. this is part of the reason why the president doesn't want social security to be part of it. why folk on the left are still angry that something like medicare or medicaid are sort of used as false equivalencies with tax increases. we have to think about people's real lives and health care really addresses those issues versus wealthy folk paying a little more. >> david, if that's the case, if professor peterson is right, why
cliff or the fiscal slope. and this is a really interesting thing though, martin, and i think progressives have it right here, which is when we're talking about this grand bargain or we're talking about cuts in tax cuts and revenue, we need to talk about what these things mean. when we're talking about getting more revenue through tax cuts, we're asking the top 2% of people in america who can afford to do so to pay a little more in taxes. but when you start talking about some kind of grand...
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Nov 28, 2012
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we could be going off the fiscal cliff, some people think that could be just a small fire. my point is, you don't know that. it may -- you might be right, it might be a small fire. it could be the spark that says even the biggest economy in the world can't govern its own country any longer when it comes to debt. what hope is there? and then who knows where it goes. >> now, your proposal, the group of you, says you can't cut your way out, we can't tax our way out, we can't grow our way out. it's basically pointing to that pie chart that shows that it all has to be a combination of all three measures. >> correct. >> for it to be a $4 trillion deal that you think is credible, you and other ceos, does this have to be something that -- it's obviously not going to get passed by december 31st, but it has to be something with triggers with credible enforcement mechanisms going forward. is that a fair read? >> correct. i would say the first thing is to avoid the fiscal cliff and i include the debt ceiling as part of that definition. the second piece of it is to put in place a $4 tri
we could be going off the fiscal cliff, some people think that could be just a small fire. my point is, you don't know that. it may -- you might be right, it might be a small fire. it could be the spark that says even the biggest economy in the world can't govern its own country any longer when it comes to debt. what hope is there? and then who knows where it goes. >> now, your proposal, the group of you, says you can't cut your way out, we can't tax our way out, we can't grow our way...
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. >> if not, we go off the supposed cliff. >> the fiscal cliff or slope. the bump of various height. >> it's going to sell that fiscal cliff. >>> thelma and louise might need to make room in the car for the president of the united states. at the white house today, senior obama administration officials met with liberal leaders and union officials. "the washington post" reports that one told him after the meeting, quote, would the white house go off the cliff if it's between that and compromising their core principles? i was left with the impression that they would. illinois democratic senator dick durbin spoke today at the liberal center for american progress where he said this about the possibility of going off the cliff which fears of this show know is is really more of a curb than a cliff. >> some have called let's go over the cliff and watch what happens. we know if we're not careful, it will in fact stop economic growth and hurt everyone through every income category, particularly those most vulnerable. >> what he did not say is he must not go off the
. >> if not, we go off the supposed cliff. >> the fiscal cliff or slope. the bump of various height. >> it's going to sell that fiscal cliff. >>> thelma and louise might need to make room in the car for the president of the united states. at the white house today, senior obama administration officials met with liberal leaders and union officials. "the washington post" reports that one told him after the meeting, quote, would the white house go off the cliff...
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Nov 21, 2012
11/12
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, where the economy goes off the broad fiscal cliff, the largest fiscal cliff, which, according the c.b.o. and our analysis, would send the u.s. economy into recession, i don't think the fed has the tools to offset that. >> susie: members of the audience agreed. >> he was very frank in saying, you know, "we can try," he essentially said, "we will try, but we don't have anything in our arsenal that comes close." >> susie: bernanke is already using the weapons in his arsenal to fix the job market, which he said today is still "unhealthy". he also repeated the fed's plan to keep interest rates super low at least into 2015. >> we will want to be sure that the recovery is established before we begin to normalize policy. we hope that such assurances will reduce uncertainty and increase confidence among households and businesses. >> susie: but bernanke gave no hints on when americans can expect to see higher rates. >> the further we go down the road, the question is going to turn to how is the fed going to reverse policy, and what the chairman said today is that decision is a long way off. >> su
, where the economy goes off the broad fiscal cliff, the largest fiscal cliff, which, according the c.b.o. and our analysis, would send the u.s. economy into recession, i don't think the fed has the tools to offset that. >> susie: members of the audience agreed. >> he was very frank in saying, you know, "we can try," he essentially said, "we will try, but we don't have anything in our arsenal that comes close." >> susie: bernanke is already using the...
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the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the
the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being...
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>>neil: remember the balanced approach to the fiscal cliff? i don't know what happened. . ♪ ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on your needs and your budget. and they all travel with you -- anywhere
>>neil: remember the balanced approach to the fiscal cliff? i don't know what happened. . ♪ ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company....
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Nov 29, 2012
11/12
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focus on rather than the fiscal cliff. here's a clue. ♪ [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scttrader streaming quotes. it's another reaso more investors are saying... [ all ] i'm with scottrade. ♪ gerri: president obama's says he is confident a deal on the fiscal cliff can be reached b christmas. both sides seem so far off. even among senate democrats, there are deep divisns over whether to include cuts to medicare or medicaid. intel not reform, should it be part of the fiscal cliff talks? here is what some of you are tweeting me. if there is not entitlement reform and we are not backing away from the cliff, we are really doing the tango dane along theedge. randy degrees. you have to curb them t
focus on rather than the fiscal cliff. here's a clue. ♪ [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scttrader streaming quotes. it's another reaso more investors are saying......
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Nov 21, 2012
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you've probably heard of the fiscal cliff or as lawrence likes to call it, the fiscal curve or as my friend calls t the austerity bomb. whatever you would like to call it, it does not look like it's going to happen. it doesn't just look like we're going to avoid a crisis. at this moment today, and this can change, it looks like we're going to avoid an almost-crisis too. they might wrap it it up and go home for christmas. almost everyone i have talked to has been weirdly confident and upbeat about where this is going. this shouldn't be an amazing thing for me to tell you. i shouldn't be coming to you saying, look, congress might not blow up the economy for no good reason. or if i do have to say it, i shouldn't sound excited about it. that should be a given. but in recent years, it has not been a given. and the reason it hasn't been is in some ways traceable to this guy. you know that guy. that is grover norquist. if you go by his name or his picture, he may not seem imposing. but in the republican party, he's a guy that breaks your knees if you vote for higher taxes. all republicans p
you've probably heard of the fiscal cliff or as lawrence likes to call it, the fiscal curve or as my friend calls t the austerity bomb. whatever you would like to call it, it does not look like it's going to happen. it doesn't just look like we're going to avoid a crisis. at this moment today, and this can change, it looks like we're going to avoid an almost-crisis too. they might wrap it it up and go home for christmas. almost everyone i have talked to has been weirdly confident and upbeat...
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Nov 29, 2012
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because we will all be going over -- >> that fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> that dreaded fiscal cliff. >> stephen: yes, the dreaded fiscal cliff. an unavoidable money will technology the razor-sharp financial rocks below. it all started back in 2011 during the showdown over raising our debt ceiling when republicans wanted spending cuts and obama wanted to raise taxes. which led to a budget crisis that congress solved by not solving it. (laughter) instead, they handed it over to something called "the supercongress" which couldn't fail because it was super. (laughter) unfortunately it was also congress so it failed. (laughter) and as a result -- (applause) as a result -- (applause) as a result, folks, we are facing another thing called sequestration which at first sounds like rationing the amount you can watch "sea quest." (laughter) but it's even worse than that. (laughter) sequestration is automatic spending cuts that both sides agree would trigger a new recession. it's like congress put a gun to the economy's head and swore it will pull the triger if congress doe
because we will all be going over -- >> that fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> that dreaded fiscal cliff. >> stephen: yes, the dreaded fiscal cliff. an unavoidable money will technology the razor-sharp financial rocks below. it all started back in 2011 during the showdown over raising our debt ceiling when republicans wanted spending cuts and obama wanted to raise taxes. which led to a budget crisis that congress solved by not solving it....
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Nov 26, 2012
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or what fiscal cliff, grover? how about your welsh cakes are burning, burning, ann? the possiblilities are endless. let us know your opinion. your good toois and good humor are always appreciated. >>> next, grover may never come over. is he a man or is he a muppet? stay with us. >> would you share your 2350d with someone? >> yes. >> but that would create a culture of dependency. >> they don't have any food, i will give it to them. >> you're taking away their motivation to earn that food for themselves. did you not read that copy of atlas shrug i loaned you? wasn't my daughter's black bean soup spectacular? [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. try this... bayer? this isn't just a headache. trust me, this is n
or what fiscal cliff, grover? how about your welsh cakes are burning, burning, ann? the possiblilities are endless. let us know your opinion. your good toois and good humor are always appreciated. >>> next, grover may never come over. is he a man or is he a muppet? stay with us. >> would you share your 2350d with someone? >> yes. >> but that would create a culture of dependency. >> they don't have any food, i will give it to them. >> you're taking away...
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walmart. ♪ >>> holiday cheer and fiscal cliff fears. the white house releases a new report on christmas shopping and budget negotiations. it's monday, november 26th, and this is "now." alex wagner will be back tomorrow. joining me today from politico, ben white, assistant managing editor of "time" magazine, ronna, jody can tor of "the new york times" and the good professor himself, michael eric dyson. after a record-setting holiday weekend, consumers are expected to spend a lot of cash on what retailers call cyber monday. americans will spend $1.5 billion online today, a 20% bump from lastea
walmart. ♪ >>> holiday cheer and fiscal cliff fears. the white house releases a new report on christmas shopping and budget negotiations. it's monday, november 26th, and this is "now." alex wagner will be back tomorrow. joining me today from politico, ben white, assistant managing editor of "time" magazine, ronna, jody can tor of "the new york times" and the good professor himself, michael eric dyson. after a record-setting holiday weekend, consumers are...
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Nov 27, 2012
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there's plenty to disagree about, from the fiscal cliff to chris yisy. joining me now to battle it out and the republican strategiest ali stewart. let me start with you. i heard from grover norquist and from rick santorum tonight and they all seem ton wrestling now with the possibility that this pledge that's really held them all to ransom for so long on income tax rises in particular may just have to be all thorred in how they deal with that. you know what? forget all the pledges before this election has happened. we got beaten again and beaten badly. it's time to rethink, regroup, and be open to new ideas. >> well, the fact of the matter is this was a pledge that a lot of people that i've worked for made to their constituents. we don't have a problem in washington with taxing. we have a problem as senator with overspending. i talked with my congressman today, and he said for argument sake we give the president every single tax increase he wants. every single one of of them on the wealthiest americans and on all american. if we give them all those we sp
there's plenty to disagree about, from the fiscal cliff to chris yisy. joining me now to battle it out and the republican strategiest ali stewart. let me start with you. i heard from grover norquist and from rick santorum tonight and they all seem ton wrestling now with the possibility that this pledge that's really held them all to ransom for so long on income tax rises in particular may just have to be all thorred in how they deal with that. you know what? forget all the pledges before this...
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Nov 27, 2012
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we look at the fiscal cliff or as steve calls it the fiscal slope or the fiscal fiesta and of course the fiscal follies. we'll install our own special graphic later this week. it's our new style of play and our next guest might want to be a pair here as he writes about it every day until the situation is resolved. sounds riveting. in the guest spot today is dan gross, the columnist and global business editor for "newsweek" daily beast who says in his latest piece republicans still haven't recognized the new reality. dan, you may be right. i don't know. i guess we'll see. if republicans do agree to raise taxes, do you think that democrats will agree to any health care entitlement reform? which is the harder sell? >> no, i don't think so. that's why i'm so pessimistic or actually so optimistic about going over this fiscal cliff. usually when i threaten to write about something every day until it is resolved, it gets resolved quickly. we'll see in this case. >> that's power. >> the election kind of ratified the stance. which is the bush tax cuts should expire for those making over a cer
we look at the fiscal cliff or as steve calls it the fiscal slope or the fiscal fiesta and of course the fiscal follies. we'll install our own special graphic later this week. it's our new style of play and our next guest might want to be a pair here as he writes about it every day until the situation is resolved. sounds riveting. in the guest spot today is dan gross, the columnist and global business editor for "newsweek" daily beast who says in his latest piece republicans still...
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Nov 26, 2012
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they're worried about the fiscal cliff. their taxes are going to go up so the heavy lifters in this economy, which are the affluent, aren't going to spend this year. that's bad. >> talk about warren buffett, always willing to stir the pot. op-ed in the "new york times" this morning, he says that the rich pay a lower tax rate on their incomes than the middle class does. it's a point he's made before. as robert frank points out, what mr. buffett does not mention is that, on average, very few americans actually pay their official tax rate. >> that's right. we're going to get into this a lot more on "street signs." people can read it on cnbc.com today. the other important point to make on this, it is just not a lot of money and it is not a lot of people. it is sort of a minor problem in the grand scheme of the economy. it is really about .1% of the taxpayers and it's maybe $5 billion to $10 billion a year. relative to a $1 trillion deficit -- not saying it's nothing, but it's just such a tiny amount -- >> people at his income l
they're worried about the fiscal cliff. their taxes are going to go up so the heavy lifters in this economy, which are the affluent, aren't going to spend this year. that's bad. >> talk about warren buffett, always willing to stir the pot. op-ed in the "new york times" this morning, he says that the rich pay a lower tax rate on their incomes than the middle class does. it's a point he's made before. as robert frank points out, what mr. buffett does not mention is that, on...
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Nov 26, 2012
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now with five weeks before the so-called fiscal cliff deadline, new signs republicans could be ready to compromise democrats' demands to raise taxes on the wealthiest americans. "the washington post" is calling it the gop's read my lips moment as several top republicans are willing to break grover norquist's tax debt. >>> t >> a pledge you signed 20 years ago, 18 years ago is for that congress. >> you know, that pledge i signed 20 years ago was valid then. it's valid now, but times have
now with five weeks before the so-called fiscal cliff deadline, new signs republicans could be ready to compromise democrats' demands to raise taxes on the wealthiest americans. "the washington post" is calling it the gop's read my lips moment as several top republicans are willing to break grover norquist's tax debt. >>> t >> a pledge you signed 20 years ago, 18 years ago is for that congress. >> you know, that pledge i signed 20 years ago was valid then. it's...
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Nov 29, 2012
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we are talking about so-called fiscal cliff issues. today we are looking at the payroll tax cut issue. this will be coming up in just a moment with kim dixon of reuters. here is an update from c-span radio. >> tim geithner and rob neighbors are meeting at the capitol with how to avoid tax increases and spending cuts. stock futures are up on the expectation that progress will be made towards reaching a fiscal agreement. dow features are up over 60 points. lord justice levenson is about to release his report into a phone hacking. the investigation lasted 12 months. the report will make recommendations on future press regulations and is expected to criticize politicians and police. david cameron will be making a statement in response to the report. c-span is covering these events. jay rockefeller is weighing in on this investigation saying that he hoped the report would contain to clear the air and hold the media organizations involved accountable for their deplorable conduct. "i understand the main goal is to make policy recommendations.
we are talking about so-called fiscal cliff issues. today we are looking at the payroll tax cut issue. this will be coming up in just a moment with kim dixon of reuters. here is an update from c-span radio. >> tim geithner and rob neighbors are meeting at the capitol with how to avoid tax increases and spending cuts. stock futures are up on the expectation that progress will be made towards reaching a fiscal agreement. dow features are up over 60 points. lord justice levenson is about to...
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>>eric: we talk about fiscal cliff a lot. it is on america's mind, worried about the tax structure, are people pulling back because of what may happen in january? >>guest: people are looking for bargains. in the toy business what we see is good times and bad and the last time parents cut back is holiday present for kid so ever during the negative times in the fall of 2008 and 2009, our sales grew around the world. >>imus: are you worried about the fiscal cliff on a corporate legal? >>guest: they will solve it. that is my bet. the broader economic picture remains, but i am comfort with the business. >>eric: have you held back until we find out if we go off the fiscal cliff? >>guest: we cannot slight the business for another purpose so we hired 45,000 seasonal employees more than last year. >>eric: the president saved the lives of these turkeys so why is peta so upset. the answer will have you saying "i degree -- i beg your pardon." . is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grou
>>eric: we talk about fiscal cliff a lot. it is on america's mind, worried about the tax structure, are people pulling back because of what may happen in january? >>guest: people are looking for bargains. in the toy business what we see is good times and bad and the last time parents cut back is holiday present for kid so ever during the negative times in the fall of 2008 and 2009, our sales grew around the world. >>imus: are you worried about the fiscal cliff on a corporate...
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maybe a little less conversation and more on the fiscal cliff. that is my "2 cents more," and that's it for tonight. thank you for joining us. have a great night. we'll see you here tomorrow. ♪ lou: good evening, everybody. more than 200-point swing in the stock market today, but at the end of the days of volatile session the dow jones industrial had a triple digits gain. anxious investors worldwide, however, have been selling stock on concerns about the impending peril of the so-called fiscal cliff. president obama for his part seems utterly unimpressed by market volatility and the consequences of failure to resolve the issues of tax hikes and spending cuts that go into affect the first of the year. as the markets were falling in the first hour of trading this morning, house speaker john maynard stood up and offered support to investors and leaders for the market. stocks stabilized and then began climbing on the speaker's expression of optimism that a deal is within reach. we will take all of that up and more here tonight with bedford open gey
maybe a little less conversation and more on the fiscal cliff. that is my "2 cents more," and that's it for tonight. thank you for joining us. have a great night. we'll see you here tomorrow. ♪ lou: good evening, everybody. more than 200-point swing in the stock market today, but at the end of the days of volatile session the dow jones industrial had a triple digits gain. anxious investors worldwide, however, have been selling stock on concerns about the impending peril of the...
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Nov 23, 2012
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let's get to fiscal cliff discussion. there are democrats who worry president obama will go too far to try to reach an agreement with republicans and we've seen labor groups out with their tv ads urging all the lawmakers to stand their ground, protect social security and medicare. do you think voters need to worry about this? >> of course. president obama has a bit of swag, shall we call it that, going into this new term. you've been overwhelmingly approved by the american people, now stand for them. represent their interests. use your bully pulpit in a way, in a positive way. president obama has reached across the aisle in such, i think, enthusiastic fashion he especially at the beginning of his first term only to have his hand barked at by and bitten by the republican reaction that was repugnant, sorry for those alliterations but the reality is there was a resistance to his agenda and his desire to reach across the aisle to work in a bipartisan fashion so now be chastened by that memory and defend those who voted for yo
let's get to fiscal cliff discussion. there are democrats who worry president obama will go too far to try to reach an agreement with republicans and we've seen labor groups out with their tv ads urging all the lawmakers to stand their ground, protect social security and medicare. do you think voters need to worry about this? >> of course. president obama has a bit of swag, shall we call it that, going into this new term. you've been overwhelmingly approved by the american people, now...
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focus on rather than the fiscal cliff. here's a clue. ♪ [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated suppor teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information y want when you need it. it's anothereason more invtors are saying... [ all ] i'm with scottrade. well, having a ton of locations don't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announr ] break from the holiday stress. fedex office. ♪ gerri: president obama's says he is confident a deal on the fiscal cliff can be reached by christmas. both sides seem so far off. even among senate democrats, there are deep divisions over whether to include cuts to medicare or medicaid. intel not reform, should it be part of the fiscal cliff talks? here is wh
focus on rather than the fiscal cliff. here's a clue. ♪ [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated suppor teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information y want when you need it. it's anothereason more invtors are saying... [ all ]...
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let's talk about the fiscal cliff negotiations. what negotiations? what's happening behind the scenes? >> first of all, i just heard what mr. mcconnell said. and i just left the president. one of the things that he said to us, he said, don't pack up your bags. in other words, he's determined to get this deal done and get it done before the end of the year. the fact is, the president is very much engaged but he also understands that one of the things he's got to do is get a balanced package done. he's got to have revenue and he's also got to have some very targeted cuts. so -- and he also is trying to get across the point that republicans and democrats agree that those folks making less than $250,000, their tax cuts should be extended. so, again, we've got a situation now where the republicans can stand on the sideline or they can adhere to what the public has said in this election. they want us to get the deal done and move forward. at least we can get done what we already agree on. >> would you agree, auwould you and other house democrats agree in s
let's talk about the fiscal cliff negotiations. what negotiations? what's happening behind the scenes? >> first of all, i just heard what mr. mcconnell said. and i just left the president. one of the things that he said to us, he said, don't pack up your bags. in other words, he's determined to get this deal done and get it done before the end of the year. the fact is, the president is very much engaged but he also understands that one of the things he's got to do is get a balanced...
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has president obama put this s fiscal cliff plan on the table. one member of the senate says it is time for president obama to tell america what this man is. that senator is pat toomey of pennsylvania. he is going to join us here in 25 minutes. next up is the republican party about to lose it's soul and principles over the fiscal cliff debate. why is nobody talking ip t inin media about spending cuts. let's talk to brent great to see you on the show. thank you for coming. let me start with this thought. over this fiscal cliff debate. nobody is cutting spending. everybody is talking about taxes. is the gop losing it's soul and principles? >> no one is being serious in it's debate. the fellow from adi is making sound statements. but he is whistling past the graveyard. there is no problem that the obama budget calls for spending giving us a deficit of $1 trillion per year as far as the eye can see. tax cuts didn't cause this. it is spending that caused this. you go to spending. you have the cpo itself is saying the only way to do this is getting oba
has president obama put this s fiscal cliff plan on the table. one member of the senate says it is time for president obama to tell america what this man is. that senator is pat toomey of pennsylvania. he is going to join us here in 25 minutes. next up is the republican party about to lose it's soul and principles over the fiscal cliff debate. why is nobody talking ip t inin media about spending cuts. let's talk to brent great to see you on the show. thank you for coming. let me start with this...
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. >>> and here at home it's time to work on the fiscal cliff. can both sides strike a bargain before everyone's tacks go up. we'll cover that with our headliners. senators dick durbin and lindsey graham. plus our powerhouse roundtable. matthew dowd, joe klein, ruth marcus, david sanger of "the new york times" and peggy noonan of "the wall street journal." >>> then ben affleck. >> you saw your parents killed? >> with war breaking out in congo, he's here live on what can be done to stop the fighting. >>> and -- >> i'm jonathan karl, i'm going to show you how this clipper will bring bipartisanship to washington. >>> hello, again. you just saw one small step for bipartisanship, is there more to come in washington? congress is back to work this week. top priority, a deal to block those automatic spending cuts and tax increases now set for january 1st, and some smart money is starting to bet that the president and congress will find a way to avoid that fiscal cliff. stocks up this week in anticipation of a deal with the dow clocking five straight of g
. >>> and here at home it's time to work on the fiscal cliff. can both sides strike a bargain before everyone's tacks go up. we'll cover that with our headliners. senators dick durbin and lindsey graham. plus our powerhouse roundtable. matthew dowd, joe klein, ruth marcus, david sanger of "the new york times" and peggy noonan of "the wall street journal." >>> then ben affleck. >> you saw your parents killed? >> with war breaking out in congo,...
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the looming fiscal cliff and the fight to save the economy. in his first interview since the big romney loss, i will ask reince priebus if his party is out of touch with the country. plus his plans to fix the gop. >>> plus president obama's tax push. he wants the rich to pay up but is it fair? >>> and one of the most influential spiritual leaders in the world, america's pastor, rick warren. he was there at barack obama's first inauguration. will he be there again? we're talking politics, same sex marriage and the "two and a half men" star whose christian conversion has him attacking his own show. this is "piers morgan tonight." >>> good evening. our big story tonight, countdown to financial doomsday, the fiscal cliff and the clock is ticking. 35 days left before this massive sweeping tax hike. america's now at the mercy of washington, hoping that both sides can end the fighting and make a deal. anti-tax champion grover norquist last night told me he's keeping republicans to the no tax increase pledge they made decades ago. but should his party
the looming fiscal cliff and the fight to save the economy. in his first interview since the big romney loss, i will ask reince priebus if his party is out of touch with the country. plus his plans to fix the gop. >>> plus president obama's tax push. he wants the rich to pay up but is it fair? >>> and one of the most influential spiritual leaders in the world, america's pastor, rick warren. he was there at barack obama's first inauguration. will he be there again? we're...
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." ♪ ♪ >> dana: congress 35 days to reach a deal and prevent the economy going over the fiscal cliff. no mystery what the issues areu. the democrats know, republicans know and so does president obama. entitlements are pushing the country toward financial ruin. here is what the president said in 2010. >> the major driver of the long-term liabilities is medicare, medicaid and healthcare spending. nothing comes close. social security we could probably fix the same way tip o'neil and ronald reagan sat down together and we could figure something out. that is manageable. medicare and medicaid, massive problems down the road. that's where, that is what our children have to worry about. >> dana: here we are, two years later and still no plan. on the left in congress refusing to deal with that simple reality. vermont senator bernie sanders caucuses with the democrats. take a listen. >> i get nervous when i hear the president and others continue to talk about quote/unquote, entitlement reform. which is just another cut for medicaid and medicare and social security. >> eric: brian, start with yo
." ♪ ♪ >> dana: congress 35 days to reach a deal and prevent the economy going over the fiscal cliff. no mystery what the issues areu. the democrats know, republicans know and so does president obama. entitlements are pushing the country toward financial ruin. here is what the president said in 2010. >> the major driver of the long-term liabilities is medicare, medicaid and healthcare spending. nothing comes close. social security we could probably fix the same way tip...
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particularly if we fall off the fiscal cliff. the united states, the largest economy in the world, but yet we have the largest debt in the world. that's why the conversation needs to go to spending. what are we doing with all this money? unemployment, skyrocketing at 9%, but a slow-down in our gdp. >> sean: the real cliff is what you're saying, down the road, when it's $20 trillion in debt, when it's not $16 trillion. >> doesn't matter. say we put in place revenue to come in to the door, what are we going to do with it? >> sean: they've already spent it. >> that's so true. it's already spent. >> anytime they raise more taxes, more revenue coming in, they spend it. the beast of government is ravenous. they never cut back. you're exactly right, sean, the real fiscal cliff is when the laws of economics kick in, which they will inevitably do, they have to do, because it can't go on like this. you see the results of hitting the wall in greece, in spain, i3 italy. it will happen here. unlike the european countries, there's nobody to ba
particularly if we fall off the fiscal cliff. the united states, the largest economy in the world, but yet we have the largest debt in the world. that's why the conversation needs to go to spending. what are we doing with all this money? unemployment, skyrocketing at 9%, but a slow-down in our gdp. >> sean: the real cliff is what you're saying, down the road, when it's $20 trillion in debt, when it's not $16 trillion. >> doesn't matter. say we put in place revenue to come in to the...
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makes you wonder if they'll be talking about this, the austerity crisis, better known as the fiscal cliff facing washington and the country. this hour president obama will speak live at the white house flanked by middle-class families whose household budgets depend on congress reaching a deal by january 1st. his latest effort to use his bully pulpit. nearby on capitol hill, both parties are meeting behind closed doors at this very minute. each side hashing out where they are willing to compromise and where they are drawing the line in the sand. >>> the other big story we're watching for you, a second round of sitdowns for united nations ambassador susan rice, who's in an all-out campaign of her own to face her critics. after three republicans issued blistering comments yesterday, this morning rice is meeting with republican senator susan collins of maine and in an hour is expected to meet with senator bob corker of tennessee. rice's harshest krit eks are still vowing to block her potential nomination as next secretary of state. >> i think everybody gets to, one, be nominated, and, two, go
makes you wonder if they'll be talking about this, the austerity crisis, better known as the fiscal cliff facing washington and the country. this hour president obama will speak live at the white house flanked by middle-class families whose household budgets depend on congress reaching a deal by january 1st. his latest effort to use his bully pulpit. nearby on capitol hill, both parties are meeting behind closed doors at this very minute. each side hashing out where they are willing to...
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Nov 26, 2012
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morning is about the fiscal cliff, it is getting very, very close. no meeting planned for this week between the president and congress, and that may be the negative which pushes the dow down. we're off and running. the opening trend is to the down side and just around 13,000, that's how we came out of the thanksgiving holiday and now it's at 12,990, down 20, 30, nearly 40 points in the the very early going and that's the way we expected it and as you know, it's cyber monday and on-line sales today expect today hit 1 1/2 billion dollars, maybe more. and nicole, let's look at the biggest on-line retailer of them all, amazon, where is it? >> that's right, a pure play on-line retailer and that's amazon, that's the winner today and it has an up arrow and we obviously saw the weekend kicking off with shopping for the thanksgiving holiday sales and 59 billion, black friday, jn line sales over 1 billion and when you talk about on-line retailers and versus brick and mortar stores, on-line retailers have done so much better. up this year, more than double the
morning is about the fiscal cliff, it is getting very, very close. no meeting planned for this week between the president and congress, and that may be the negative which pushes the dow down. we're off and running. the opening trend is to the down side and just around 13,000, that's how we came out of the thanksgiving holiday and now it's at 12,990, down 20, 30, nearly 40 points in the the very early going and that's the way we expected it and as you know, it's cyber monday and on-line sales...